Global Convenience Stores Market Segments 2024, Forecast To 2033
5 Mar, 2024
The convenience stores market has witnessed rapid growth, escalating from $1010.74 billion in 2023 to $1112.69 billion in 2024, reflecting a CAGR of 10.1%. The historical period growth is linked to changing consumer lifestyles, urbanization trends, and product assortment convenience. The 2028 forecast estimates a market size of $1575.45 billion, driven by digital and contactless payments, health and wellness focus, and integration of e-commerce and delivery services, maintaining a CAGR of 9.1%. Major trends include contactless shopping and payment options and collaborations with food delivery platforms.
Global Convenience Stores Market Key Driver
The rise in disposable income is fueling the growth of the convenience store market. Disposable income, representing the money available for spending and saving after tax deductions, plays a crucial role in consumer spending. With disposable income reaching 274.13 million in 2022, consumers are expected to spend more on goods and services, contributing to the growth of the convenience store market.
Get A Free Sample Of The Global Convenience Stores Market ReportGlobal Convenience Stores Market Segments
The convenience stores market covered in this report is segmented –
1) By Store Type: Kiosks, Mini Convenience Store, Limited Selection Convenience Store, Traditional Convenience Store, Expanded Convenience Store, Hyper Convenience Store
2) By Ownership: Retail Chain, Independent Retailer
3) By Product Type: Cigarettes and Tobacco, Foodservice, Packaged Beverages, Center Store, Low Alcoholic Beverages, Other Product Types
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the convenience stores market in 2023. The regions covered in the convenience stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Convenience Stores Industry Players
Casey's General Stores Inc.; Alimentation Couche-Tard Inc.; Murphy USA Inc.; Parkland Corporation; 7-Eleven Inc.; FamilyMart Co. Ltd.; Alibaba Group; OXXO; Amazon.com Inc.; GasBuddy Organization Inc.; Best-One; BGF Retail Co. Ltd.; Sunoco LP; Bargain Booze Ltd.; Speedway LLC; Lawson Inc.; Wawa Inc.; Cumberland Farms Inc.; Al Madina Hypermarket; ConocoPhillips; Love's Travel Stops & Country Stores; Pilot Corporation; QuickChek Corporation; QuickTrip Corporation; RaceTrac Inc.; Royal Farms Inc.; Rutter's Holdings Inc.; Sheetz Inc.; Stripes Convenience Stores; SuperAmerica LLC; Thorntons LLC; Tom Thumb Food Stores; Turkey Hill Dairy; United Dairy Farmers Inc.; Yesway Holdings Inc.
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AIOps Convenience Stores Market Overview
Convenience stores refer to retail establishments that offer a small assortment of essential items, such as packaged foods and medicines, and are open late to accommodate customers. These stores are conveniently located where customers can rapidly obtain a wide range of products such as groceries, food, gasoline, and others.
Convenience Stores Global Market Report 2023 provides data on the global convenience stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The convenience stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.